https://www.taxtmi.com/acts?id=12641 Section 300 bars an interested director from discussing, voting on, or being counted in the quorum for any contract or arrangement in which they are directly or indirectly interested; any such vote is void. The section lists exceptions-certain private companies, indemnity contracts for sureties, limited interests in public or subsidiary companies, and cases subject to Central Government notification-and prescribes a penalty for knowing contraventions. en-us Fri, 13 May 2011 14:31:33 +0530 Fri, 13 May 2011 14:31:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12641 Section 300 bars an interested director from discussing, voting on, or being counted in the quorum for any contract or arrangement in which they are directly or indirectly interested; any such vote is void. The section lists exceptions-certain private companies, indemnity contracts for sureties, limited interests in public or subsidiary companies, and cases subject to Central Government notification-and prescribes a penalty for knowing contraventions. Act-Rules Companies Law Fri, 13 May 2011 14:31:33 +0530 https://www.taxtmi.com/acts?id=12641